One Place For All Your Needs - WHITEPAPER 2.0 - WWW.EXOSIS.ORG
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One Place For All Your Needs.
WHITEPAPER 2.0
WWW.EXOSIS.ORGTable of Contents
Executive Summary 3
1. THE EXOSIS (EXO) 4
1.1 HOW EXO HAPPENED? 4
1.2 WHAT EXO HAVE TO OFFER? 4
1.3 EXO: COINS WITH UTILITY 5
2. HOW EXO IS DIFFERENT? 5
2.1 THE EXISTING MASTERNODE FRAMEWORK 5
2.2 MINING VS MASTERNODE 5
2.3 THE EXOSIS MODEL 6
2.4 THE CURRENT MODEL VS EXOSIS 6
2.5 AREA OF IMPROVEMENT 6
2.6 SOLUTION BY EXOSIS 6
2.7 ADDITIONAL PROMISING FEATURES 7
3. THE UTILITY OF EXO 8
3.1 WHERE THE EXO COINS CAN BE UTILIZED? 8
3.2 EXO: NO FAKE PROMISES, ONLY REAL UTILITY 8
4. THE EXOSIS ECOSYSTEM 9
4.1 THE EXCHANGE 9
4.2 VIRTUAL MASTERNODE 12
4.3 THE E-COMMERCE 15
4.4 AN OTC PLATFORM 16
4.5 AN E-WALLET 17
5. EXOSIS MEMBERSHIP PLANS 19
5.1 BASIC MEMBERSHIP PLAN 19
5.2 PRO MEMBERSHIP PLAN 19
5.3 ELITE MEMBERSHIP PLAN 19
5.4 TERMS OF PAYMENT 19
6. SECURITY 20
6.1 LOGIN PIN 20
6.2 IP WHITELISTING 20
6.3 WALLET SIGNATURE 21
6.4 THIS IS NOT IT! 21
7. TECHNICAL ASPECTS 21
7.1 LANGUAGE AND ARCHITECTURE 21
7.2 COIN SPECIFICATION 22
8. ROADMAP 23
9. DISCLAIMER 25
10. GLOSSARY 26Executive Summary
“Exosis gained currency as a noble idea which binds a multifunctional
ecosystem with a blockchain based utility token so that the end users
operate in a secure environment for their different needs in a hassle-free
manner.”
The core of the entire Exosis ecosystem is powered by the multifunctional
platform which amalgamates five different streams into a single powerful
utility. The multifunctional platform suggests users’ multiple streams with an
earning potential where they can earn in one or more ways. Doesn't matter
what is the nature of your profession or kind of experience you have in Crypto
related activities in the past. The Platform gives leverage of generating income
to every single user regardless of his category.
The OTC platform and the exchange empowers the traders to make money by
being aligned to the movement of the market. For buyers and sellers who wish
to gain and access to secure e-commerce place, Exosis' E-Commerce
environment provide the same. Also, the comparatively cheaper transaction
costs and negligible vulnerability to their personal data makes this
opportunity even more lucrative.
For professional miners as well as the aspiring ones the platform grants control
to run a full Masternode. Alternatively, for people having any sort of limitations
owing to their mining systems or connectivity issues the Exosis platform
further offers a Virtual Masternode (VMN) feature. The VMN application omits
the tailbacks to the road of profitability and earning potential for the end users.
31. THE EXOSIS (EXO)
Cryptocurrency backed blockchain projects are in an emerging phase. This
new opportunity gathered a lot of impressions in the past and in the last one
year the crypto space got flooded with the entry of some considerable amount
of coins. Thankfully, the competition is still comparatively low among
meaningful projects with real-world use cases. Additionally, in order to be
aligned to the market forces, all such altcoins are required to be traded on the
Cryptocurrency exchanges.
1.1 HOW EXO HAPPENED?
EXO is forked from two coins named FxTC and BTX where the FxTC was a
forked result from BTC and DASH. FxTC inspired the features & concept part of
the EXO token and modified the Masternode payment model. While from BTX
we culled the algorithm part. With the help of these two finally EXO token
happened to revolutionize the user experience.
Also, it integrates the Segwit features as well which helps to scale blockchain
and reduce the size. Exosis Segwit is activated from block 6048. Exosis mine
from its own independent Exosis algorithm.
1.2 WHAT EXO HAVE TO OFFER?
The developers understand the potential of the cryptocurrency industry as
well as the risks associated with investing. They decided to create an
ecosystem where interested people can invest with lowest possible risks. More
importantly, a coin which has some real utility so that the artificial speculation
the wide usage become a channel of growth. It finally happened in the form of
EXO that creates a perfect balance of earning potential and utility.
While developing the coin the main focus was on the utility of the coins. Exosis
hopes to be different by first relying on its own main net instead of a parent
chain. In order to ensure the security and the scalability of the platform in the
most efficient way, EXO coins rely on its own main net. Exosis also offers
immunity against 51% attack. Apart from that all of the five platforms within
the Exosis Ecosystem are interconnected through the EXO coins. It helps us to
achieve our main target-Utility.
A very small and limited supply further augments the stability of the platform.
The passive income opportunities with Exosis ecosystem will also endear
investors who wish to maintain a consistently profitable aspect to their
investment with relatively lower risk.
4
31.3 EXO: COINS WITH UTILITY
EXO coin includes the 0.17 features of BTC and only some handful number of
coins in the Crypto Space can boast this as an achievement. To maximize the
utility several procedures like payments of transaction fee, membership fee,
and Vote buying facility is routed through EXO Coin only. This also ensures a
constant demand for the coin. This indirectly helps the coin to become lesser
volatile and more trustworthy in time to come. The Utility will enhance the
subscription which in turn will trigger the demand for the EXO coins.
2. HOW EXO IS DIFFERENT?
2.1 THE EXISTING MASTERNODE FRAMEWORK
Exosis project is a re-modified and improved successor of the old blockchain
system roped in by BTC which rewards its users for mining but people who
support and run nodes for bitcoin feel dejected deep down inside as there is
no recompense for them. After some years down the line, Dash coin first
forked bitcoin and integrated Masternode.
2.2 MINING VS MASTERNODE
Mining and Masternode are two different and both will not affect each other.
Masternode is the concept of providing an incentive to people who support
the network and run node will get rewarded
Miner gets a reward for finding a block and Masternode get the reward for
running MN with fixed collateral. Usually, Masternode coins pay Masternode
each block for every Masternode and a time comes when more people join the
network to run Masternodes but the reward starts reducing gradually for
them. Let’s Understand it better-
A network has currently 10 Masternodes and is filled one by one block 10
Masternode get paid. It starts again from the first after finishing its cycle of 10.
With passing time, the number of Masternodes increase and becomes 500.
Now, the current block generation capacity sits at 450 blocks so cycle
completion of 500 will move to the next day then rewards payment will take
place. So, by the time all blocks get finished only then rewards case comes into
existence.
In simple words, the reward will take time when a greater number of
Masternode will give rise to a situation where reward will reduce when more
and more people run nodes.
Note: Don’t get confused it with BTC Halving which means a reduction of
block rewards into half at certain block height.
5This overall process is not stable in nature and thus forced harry to find new
projects to make substantive returns. In a nutshell, it discourages long term
investment.
2.3 THE EXOSIS MODEL
The present Masternode concept works on Inverse proportionality method
where an increase in one dependent variable creates a decrease in other
variable and vice versa. Exosis changed the entire Masternode concept
differently. We are the first blockchain supported digital coin who brought this
revolutionary model in crypto space.
It is revolutionary because the reward which used to diminish with the
increasing MN will no more affect the rewards for a person running
masternode. The person will get uniform rewards throughout his Masternode
running period.
2.4 THE CURRENT MODEL VS EXOSIS
The present model is non-investor friendly for people eyeing for long term
investments. In fact, there is no point in buying coins when the returns are low,
especially at high rates.
2.5 AREA OF IMPROVEMENT
The Flaw in the current model is with the widening of the MN the rewards start
shrinking. Initially, users get more rewards but later the reward reduces when
more users join.
For an example, Harry puts his money time to time in different Projects in the
early development stage and also make good returns. After some time when
return starts falling then he flushes out his money and finds another potential
project to make money. At some point in time, he decides to pick a project X
and invests in it. Initially, Harry gets 70% rewards on monthly basis then after
one year, the returns shrank for 5% per month. After a period of time, Harry got
his money out and started finding a new project.
2.6 SOLUTION BY EXOSIS
But in Exosis what we did is instead of paying one Masternode each block we
pay all Masternodes in each block with a fixed reward system. Our model, the
miner gets 0.25 and MN gets 0.025. So, each Masternode gets yearly 5k coins.
Throughout the mining process, all people get the same. Doesn’t matter if
they are in their first year or the last year. When a user joins the project as
all-time the users will get the same output irrespective of their time of
investment.
62.7 ADDITIONAL PROMISING FEATURES
Apart from the above-mentioned investor friendly benefits, the Exosis
Ecosystem wraps in several other features as well
Coin Listing gives users a true semi decentralized (because 100%
decentralization is not humanly possible) exchange experience.
Chat features give users a true decentralized chat experience,
Security features bring a first time A+ Security protocol in Crypto Space
with existing Wallet Sign, 2FA and IP Whitelist features for maximum
security
Exosis OTC platform.
**** All of these features are explained with details in this Whitepaper.
73. THE UTILITY OF EXO
We at Exosis building an ecosystem with EXO as a building block, a blockchain
backed coin to make the best use of our five different offerings at Exosis. The
EXO helps to create demand and liquidity through all five different services
supported on the Exosis ecosystem.
With EXO you can literally do anything in any of the dimensions offered by us.
you can access Virtual Masternode balance in exchange or e-commerce or
OTC. A person can buy EXO from the exchange and instantly start running a
Virtual MASTERNODE. With the same EXO, he can facilitate the buy and selling
options on our e-commerce.
3.1 WHERE THE EXO COINS CAN BE UTILIZED?
EXO Coins can be used interchangeably across the platform for:
1. Generate rewards by running MN or VMN
2. Membership Payments
3. E-commerce Payments
4. VMN Hosting Fee Payment
5. Coin Voting
3.2 EXO: NO FAKE PROMISES, ONLY REAL UTILITY
There is no need of moving your funds and your EXO balance as from a single
place it can be accessed for different uses.
As a First Utility Vehicle, at Exosis we are providing real utility where users pay
their hosting fee in EXO itself. For Example, if you choose one-month hosting
plan out of the available four options and then hosted 1,000 EXO. Now if your
daily reward will be in terms of EXO (say 1 EXO) and the hosting fee is 10% then
you are not expected to pay any additional amount. We deduct the fee in
terms of EXO (here 0.1 EXO) from your reward earnings and credit the rest of
0.9 EXO in your balance.
Now move to the second one, which is Exosis e-commerce. If buyers and
sellers decide to transact in terms of EXO then there will be a gain of one
percent to both the buyer and seller. The Seller will get an extra one percent
while the buyer will pay one less percentage in the transaction.
The Third utility possible with the Exosis Platform is the Membership. The
membership provides you a discounted fee and other benefits. Also, if you go
with our third membership plan then some of the services are even literally
free. All you are expected to do is, pay a tiny monthly fee and use 24x7 fast and
secure Exosis platform offerings.
8All of our four platforms run with the same login function. It means with a
single login ID you can access our Exchange, e-commerce, OTC and VMN.
There is also an ultra-secured e-wallet service as well going to be functional in
months to come.
4. THE EXOSIS ECOSYSTEM
4.1 THE EXCHANGE
4.1.1 WHAT IS A CRYPTOCURRENCY EXCHANGE?
For a successful give and take of acceptable commodities, users need a
common platform, A Cryptocurrency exchange is the same platform for
people wishing to buy digital currencies against any conventional currency
like FIATS etc. Apart from buying, the users also perform trading activities on
the exchanges for booking profits.
In simple words, a Cryptocurrency exchange is place which facilitates buying
as well as trading activities for users.
4.1.2 THE EXOSIS EXCHANGE
Exosis exchange is not just a simple
addition to the grouping of several
international exchanges facilitating
users but a revolutionary platform to
improve and alter the user behaviour.
Recently, there has been increasing
challenges facing established
cryptocurrency exchanges due to
increasing regulation, security issues,
and order processing speeds.
The Exosis exchange is a perfect blend of decentralized and centralized
exchange (because 100% decentralization is not achievable). Our Exchange
will be more or less entirely controlled by the users rather than us. For an
example, all the future coins to be listed on an exchange will only be decided
by the users through the coin voting system but not by Exosis’ internal team.
94.1.3 AUTOMATIC DEPOSITS AND WITHDRAWAL OF FUNDS
Exosis exchange will have a system of ensuring automatic deposits and
withdrawals. Also, we will have no control over the user’s funds. The automatic
deposit and withdrawal feature of our platform will enable users to convert. It
makes the exchange a true user-driven in the truest sense.
One more important thing for users here using our exchange. For funds under
the Limit Order and Stop Limit features the transfer is a unidirectional method
which needs some time to execute but in case of Market Order the
bidirectional process enables instant transfers. Thus, the Market Order feature
provide the users a true decentralised experience while other two do not.
4.1.4 ORDER PROCESSING
Order processing is an important part of a cryptocurrency exchange. The order
processing at our exchange has been made even more efficient so that we can
ensure top-quality service. Blockchain-based exchanges have lower order
processing speeds which further lowers the service execution time. The Exosis
exchange is crafted in such a way that it can withstand processing speeds of
up to 5,000 TPS.
4.1.5 COIN LISTING
The Coins listing procedure on cryptocurrency exchanges are mainly
managed by the internal teams and barring few exchanges there is no control
of users on the listing mechanism. At Exosis, we are a staunch believer of a truly
decentralized platform and that’s why we offer our users a different experience
with our exchange. Instead of our internal team, the decision-making power of
listing of a potential coin will be in the hands of our users.
New coins on the exchange will be added on weekly basis. We will be adding
one coin every week or 4 coins every month by the means of voting. The value
of every vote will be 1 US Dollar. Apart from this, the mining eligibility for
getting listed is 1,000 Votes for a coin.
In this manner, monthly there will be 4000 USD value of demand through the
Coin Voting system on the exchange which ensures maximum sustainability.
4.1.6 VOTING RIGHTS
The complete listing process will be run by the users only. To make it even
more engaging we have added several privileges for our users with
memberships. With these privileges, they can easily participate in the voting
procedure.
No Free Votes for Basic Members.
Pro Members get 5 Free votes every month.
Elite Members get 20 Free votes every month.
10No Free Votes for Basic Members.
Pro Members get 5 Free votes every month.
Elite Members get 20 Free votes every month.
(Note: Basic Members can't participate in voting though they will be
using the normal function on the exchange like deposit, withdraw and
trade.)
Users can increase their Voting Rights (count) and If any user wants to
increase voting they can pay 1 Vote/USD in terms of EXO.
We also want to let our users know one more exciting feature here. There is no
limit above the free votes as the users can buy a vote by paying EXO. It will give
rise to a competitive environment where users can push their supported
project on the basis of their own voting capability.
4.1.7 DECENTRALIZED CHAT SYSTEM
Exosis Exchange platform is roping in the first decentralized chat system,
where people control the chat environment and quality. We termed it
‘Decentralised’ because it is not controlled by us.
A User can post anything as long as the other people allow it. This user
monitoring feature will be an integral part of the exchange where our users
will be able to rate each other to regulate the quality. They will make it sure
with help of upvoting and downvoting each other. An upvote will increase the
score of a user thus raising the bar of his trustworthiness while a downvote will
work in the exact opposite manner.
Since the users will be able to upvote or downvote to maintain the chat
standards, a user is free to post any kind of content. Rest of the things work like
any regular exchange chat system.
4.1.8 CHAT FEATURES
4.1.8.1 ACCESS
A basic member will be only able to read the messages. For enjoying the full
access of chat features, one must be having a Pro membership or above. Apart
from this one more difference is there. Messages posted by the pro members
will only be shown in Text format (even if they share any URL or image). There
are a bunch of additional benefits of being an elite member and one of them
is- the messages posted by them like URL (clickable links) and the Image URL
can be seen as it is.
114.1.8.2 CHAT SCORE
Exosis chat box welcomes people contributing in a positive manner with their,
insights, knowledge and so on. Unfortunately, there are always non-serious
people in the scene and in order to control such activities. In order to maintain
quality on the board the feature of Chat Score is formulated for users. In case,
if the user’s chat score goes below the certain value (fixed by us) then he/she
will be auto-banned.
4.1.8.3 HOW DOES IT WORK?
For an example, if a user (say Tom) post some messages of poor quality or
unacceptable in nature. When people found this content, inappropriate there
are huge chances many of them will downvote Tom’s message immediately.
By the time Tom’s chat score go below a certain score, an auto-ban feature will
be activated.
4.2 VIRTUAL MASTERNODE
In order to utilize the features of Virtual Masternode, a user needs to
understand the Masternode concept and the working mechanism first.
4.2.1 WHAT IS MASTERNODE?
Contrary to the popular belief Crypto space is not only limited to the
decentralization but it accomplishes one more job in a considerably great
manner and that is distribution. The whole concept of decentralization
revolves around ‘Distributed to Many Instead of One’ so that in case of any
potential failure or risks the whole system does not get corroded. Masternode
realizes this vision in the most meaningful manner.
Putting it in a lucid manner, a Masternode is a computer and/or a server
established on decentralized coin network support. The master node owner
hosts a copy of the entire blockchain (of the network). Also, the whole
decentralized network comprises of several people operating from the
different locations of the world and node completing the whole network.
Though it is important to know here that PoS and MN are different.
Users are required to own a server with high-speed unlimited internet
connectivity. Apart from that the high minimum balance of the concerned
coin is also required to start a Masternode (MN) which varies from coin to coin.
124.2.2 THE VIRTUAL MASTERNODE
Virtual Masternode or VMASTERNODE
(VMN) is a facility where people can
host their Masternode in a single click.
The main purpose of VMN is to provide
assistance to people without any
technical knowledge or sound
investments to put 10,000 EXO as an
investment to start an MN. VMN is
300
200
100
0
already live on www.exosis.live
Let’s have a look at the features being offered by
the Exosis Virtual Masternode:
Nominal Fee as Costs of Hosting
User-Friendly User Interface to minimize redundancy
Rewards Payout on a Daily Basis
Commission for Referring Users
No Tech Skill is Needed to Start or Operate
A Completely Safe and Secure Ecosystem
Instant Masternode Activation
Auto Renewal Feature for Hassle Free Experience
Dedicated User Support Team
No Fee for Deposits and Withdrawal
4.2.3 HOW VIRTUAL MASTERNODE WORKS
We wanted to offer this opportunity to others by creating VMN that users can
run without the hardware. It offers our users a passive income opportunity.
Minimum 10,000 EXO is required to start one Masternode. Fortunately, users
with less EXO can also participate and earn in the Exosis platform. With VMN
facility, EXO investments of users will be pooled in to form 10,000 EXO to start
the Masternode and the rewards will be distributed. To understand this better
let’s see an example
There are 10 users having 1,000 EXO with each of them and ready to pool in for
Virtual Masternode. Once the deposition is completed by all the users and the
pool becomes 10,000, the Masternode will be hosted for them in Exosis wallet.
13After that, the rewards generated against running the Masternode will be
divided to all investors in proportion to their investments.
Note: The requirements to run a virtual Masternode will be only 100 coins.
4.2.3.1 AN INEVITABLE OPPORTUNITY FOR INVESTORS
If you are willing to put a bigger investment then there is no bar. A person can
create multiple Masternodes for 10,000 EXO each per Masternode. To explain it
better see this example
Tom is an avid cryptocurrency investor and got to know about the earning
potential associated with the Exosis Virtual Masternode. He is having 50,000
EXO with him. Now, what he can do is- he can own 5 identical VMNs each with
10,000 EXO and start earning. But what he cannot do is have a single
Masternode of 50,000 EXO.
If a user owns more than 10,000 EXO then he can split his EXO in multiples of
10,000 and create Masternodes accordingly.
Note: Against this facility, the Hosting Fee deduction will be done from their
rewards. A user should ensure that the coins remain staked in the wallet and
internet connection and the power supply is constantly available during the
Masternode running period.
4.2.4 TRADITIONAL MASTERNODE VS VIRTUAL MASTERNODE
If a user decides to host Masternode in PC wallet they have full control over it
but at the same time, he or she needs to buy a dedicated server and setup
Masternode with all tech configuration. Also, the user requires exact 10k coins
as a high minimum to start with. With VMN, people will share to form a pool of
10k. Once the Pool creates 10K EXO with the shares of multiple users and the
Masternode will become functional.
A user Running Masternode themselves means they need to buy a dedicated
VPS server and do all technical maintenance things like paying a fixed
monthly server fee and all. With VMN this bundle of requirements falls short as
users can be stake owners without having hardware ownership.
4.2.5 CHARGES ASSOCIATED WITH VIRTUAL MASTERNODE
Through the www.exosis.live platform, we provide four shared hosting options
to our users. Based on the Block time period, we charge 10%, 7.5%, 5%, and 2.5%.
For instance, if they locked for 1 month and started with 100 coins and their
reward is 1 coin for the month, we charge 10% as 0.1 we credit them as 0.9.
14If they lock for 3 months, we charge 7.5% each month like that for the
remaining lock time. This is the virtual master node site will have wallet
support and multi crypto deposit and withdraw option.
4.3 THE E-COMMERCE
4.3.1 THE NEED FOR A SECURED E-COMMERCE PLATFORM
E-commerce portals are the biggest target of hackers and phishers because of
the vulnerable payment system they sport. There are frequent instances
where hackers dupe e-commerce providing companies because of the
payment gateway loopholes. Additionally, some purchases take several hours
or sometimes days to execute especially when the transactions are made
between different countries and regions. So, security and speed are the two
most worrisome areas where the focus should be drawn upon.
4.3.2 THE SOLUTION EXOSIS BRINGING IN
The Exosis e-commerce platform will solve these two problems
simultaneously. Your personal information and money will be protected with
every transaction. The money paid will be held in escrow until the goods are
delivered to the customer to prevent any fraud.
4.3.3 HOW EXOSIS WILL KEEP ITS PROMISE?
Under e-commerce, we are planning
two types of offerings. One is digital and
another one through physical means
(like most of the e-commerce operate
under the sun). The digital goods will be
delivered digitally while the physical
ones will be delivered through the
delivery partners provided by the sellers
themselves.
Digital product transactions are
instantly processed between the seller
and buyer. Also, the digital delivery is
managed through 3 different ways
1. Through Email like static contents
2. Live chat between buyer and seller
3. API delivery where seller deliver his content through our API
154.3.4 EXOSIS DISCOURAGES THE LOOT
Now an upselling point about our e-commerce. Customer experience is our
priority and that’s why buyers on our e-commerce platform will have no need
to sign up though there might be a requirement of KYC verification for
physical selling. Users will have the ability to buy and sell on the go without any
formalities.
4.3.5 ENHANCE YOUR EXPERIENCE BY PAYING IN EXO
Now here comes another exciting part. When people accept EXO as a
payment option there will be discounts. If a seller takes payment in EXO, he will
get 1% Extra apart from the value of the goods while when a buyer makes a
payment in EXO, he or she pays 1% less from the value of goods. While the
whole payment network remains undisturbed but it’s seller and buyer who
makes additional benefit out of it. Let’s understand it through an example-
Harry and Tom agree to trade for a product. They make a transaction against a
product worth 100 USD. In order to make this deal discounted they decide to
pay in term of EXO. While Harry as a seller gets 101 $ Tom as a buyer has to pay
only 99 $. If you take a gander then you will find the amount to be transacted
was 200$ and even after the additional benefits to both of them the overall
payment value remains undisturbed.
4.4 AN OTC PLATFORM
Since the decentralized exchange provides a platform where individuals can
exchange over the blockchain, there is a need for a platform that offers the
opportunity for users to exchange between fiat and digital currencies. Any
centralized exchange faces a lot of problems like double entries, frauds, fund
mismanagement and so on. The developers found that it would be better to
provide OTC services on an online platform where the flaws can be minimized.
4.4.1 WHAT IS OTC?
OTC services simply refer to Over-the-counter trades that occur directly
between two parties. It is a decentralized medium without any physical
presence. The mode of communication between two parties is mostly
Internet-enabled services or proprietary electronic trading systems. The charm
of the OTC facility is that instead of segregated local operational trading
activities it opens the door of trading activities on global scales encompassing
number of countries in the user net.
It is a welcoming step in the cryptocurrency space. It will promote localized
crypto to fiat trading while providing authenticity, transparency, and security
to the individuals using the platform.
164.4.2 THE EXOSIS OTC PLATFORM
The Exosis platform will block the amount
(to be transferred) in an escrow account
and the funds will be released only after
the approval of the receiving party. This
unchecks the potential fraud or scammers
from the list and thus instigating trust in
the mind of the business owners. The OTC
site will support multiple cryptocurrencies
and fiat currency trades beyond the
conventional USD to BTC trades that
existing OTC platforms in the market offer.
4.4.3 EXOSIS VS OTHER OTC PLATFORMS?
Most of the OTC platforms only support single crypto capability while on the
other hand, Exosis provide multi crypto support. The Proposed OTC platform of
Exosis will have more than one cryptocurrency support in e-commerce. We
will add support for other coins based on the volume performances in the
Exosis exchange
There will be an additional benefit for users with Elite Membership plan. All of
the elite members can sell trade their coins at zero fee which means countless
transactions. In fact, there are numerous other benefits for elite members
across the platforms. All this in just a nominal monthly fee.
4.5 AN E-WALLET
4.5.1 WHAT IS AN E-WALLET?
Blockchain backed cryptocurrency provide a variety of solutions for storing
digital assets. There are a range of offline and online wallets available for users
having different attractive features and specialties. Among all of these, the
online or e-wallet storage options are more promising due to its simple and
convenient user interface and features. It perfectly integrates safety with a fast
and promising storage solution. The dedicated wallet services are a potential
answer to fightback and minimise the phishing and hacking attacks which are
common on the exchange wallets. They are packed with security layering(s) of
Advanced cryptographic algorithms.
174.5.2 THE EXOSIS E-WALLET
To provide cross-platform functionality and
smooth transactions among the users, Exosis
offers secured wallet services for users. The idea
behind the development of this e-wallet lies
beneath a Vision which advocates that users
should be able to make an instant transaction
which is equally fast as well as secure. Exosis
e-wallet covers this visionary approach fruitfully. It's
a multi-platform storage option that is used across
all the 4 platforms of the Exosis ecosystem but
apart from the security layer all the four platforms
are different from the e-wallet.
4.5.3 FEATURES
4.5.3.1 MULTI-PLATFORM SUPPORT
In order to make it more accessible and user-friendly the wallet services will be
provided both on the web as well as mobile platforms.
Apart from our e-wallet assist smartphone users. In order to match the
demands of the mobile users on two major application platforms (that is
Android and iOS), the storage facility will be provided to smartphones as well
as tablet owners.
4.5.3.2 SECURITY
Our Wallet service is duly shielded with multiple layers of security features like
2FA, a wallet sign and IP whitelisting. The same which is also common on the
other platforms of Exosis ecosystem.
4.5.3.3 AUTONOMY
Our online wallet provide full autonomy to people as each user with valid
address will be provided private key access so that in case of any downtime
with the website the custodian of funds has full access to their digital asset.
185. EXOSIS MEMBERSHIP PLANS
Membership brings some exclusive perks for users and with Exosis
membership the user-experience becomes even more rewarding. All of the 3
different Exosis platforms are covered under further 3 membership plans
1. Basic
2. Pro
3. Elite
5.1 BASIC MEMBERSHIP PLAN
Basic plan will have all basic access like deposit & withdraw, trade in exchange,
using e-commerce and OTC platform.
Fee: The costs for Basic plan is 0.1% which is uniform at all the three platform.
In other words, with Basic plan you will be paying a trading fees in exchange,
selling goods in e-commerce and exchanging FIAT all at 0.1% rate
5.2 PRO MEMBERSHIP PLAN
Pro Plan Membership holders will have similar access as of basic plan holders
like deposit & withdraw, trade in exchange, using e-commerce and OTC
platform. Additionally, they can access Chat features, Coin voting and Trading
API.
Fee: Pro member fee is half of basic membership fee i.e. 0.05% across all
platforms. For All such services there is also a cost involved which is the
subscription fee of 15 USD paid on monthly basis.
5.3 ELITE MEMBERSHIP PLAN
Elite plan will have all features of Pro and can access some special features in
chat, merchant API. Elite member fee is 0% in all platforms with monthly
subscription fee of 60 USD / Month.
Among all these three plans elite members enjoy the maximum you can trade
at zero fee, sell your goods at zero fee, and exchange fiats at zero fee
5.4 TERMS OF PAYMENT
The monthly subscription is paid in EXO, the very own utility coin of Exosis. You
are advised to not get confused with ETH or BTC unlike other platforms. In fact,
it gives the users a hassle free, secure and time saving experience.
Note: This membership is common for all 3 platforms
196. SECURITY
In the past, Crypto space has encountered a lot of disturbing activities which
weakened the faith of the people in the cybersecurity measures promised by
the cryptography fuelled digitized world. Almost all of the exchanges running
globally provide security features like Authentication captcha, Google
Authenticator enabled 2FA and email passcodes but ironically it was never
sufficient. In recent cyber-attacks, there were multiple instances when a 2FA
secured account was breached by the hackers.
We took this issue as a challenge. Our team of seasoned software professionals
is dedicated to enhancing user security across the whole Exosis platforms. We
do provide the 2FA security feature but in order to further strengthen the
security layers, we integrated some additional safety measures like login PIN,
IP Whitelist and Wallet Signature.
6.1 LOGIN PIN
A Login PIN is needed to be created during the
registration phase. The users are expected to
secure this PIN as it cannot be changed in later
stages. In case the user forgets the PIN he/she
will lose the entire account and it cannot be
recovered later.
6.2 IP WHITELISTING
It is one of those features which actually
strengthen the platform to minimize the
potential hacking chances of a user account. In
these security settings, people can whitelist
one or more IP addresses from where they
usually login. In case of access from any
unfamiliar IP, the system will block the entry
and immediately send a security notification to
the user's registered email.
206.3 WALLET SIGNATURE
This is a new feature in the history of
Cryptocurrency exchanges and we are the
pioneers to implement it. You can login using
your Exosis PC wallet and generate the
signature in the next step. In the subsequent
step, you will be submitting and submit to
authenticate your login. This security feature is
the same for all four platforms.
6.4 THIS IS NOT IT!
Also, The A+ security is nothing new in the
market but in crypto we took this initiative.
Currently, we are the only one having A+
Security in crypto space. ‘Exosis Live’ is certified
as A+ by Mozilla observatory. Mozilla Firefox is a
well-known and established web browser
among the netizens which is currently availing
this service to the users.
7. TECHNICAL ASPECTS
The coin will be based on a Main net instead of being linked to a parent chain.
This means that the security systems will be handled by Exosis allowing us to
set the pace and standards for the type of security will be used. There are
certain key features of the platform.
7.1 LANGUAGE AND ARCHITECTURE
The language that will be used in developing the Exosis main net will be C++.
This is the same programming language used to build the Bitcoin Blockchain.
This means language support for our clients will be based on the same type of
coding.
Language support for our clients for their projects will be completely same as
in the case of the Bitcoin blockchain environment.
217.1.1 THE ALGORITHM
Exosis will rely on its Exosis Algorithm. By using this algorithm, Exo which relies
on GPU mining will also increase the block time. Our block time is 2.5 minute
where our blockchain size is 2.5MB which is the same as the Bitcoin Core
configuration in comparison Bitcoin Blockchain has a 10-minute Block time
and a blockchain size of 2 mb which means that the Exo Blockchain will be
faster than that of Bitcoin.
In addition to this, our low GPU mining power will attract a lot of miners. Our
blockchain will be able to handle more transactions since the size of the
blockchain is relatively low that too with a good scaling. We will be able to
handle 50 TPS which is 10x of BTC.
7.1.2 CONSENSUS APPROACH
Exosis will be a POW-based system. The proof-of-work consensus is what most
robust blockchains like Bitcoin are based on. POS may have benefits, but a
properly implemented POW will be better equipped to deal with security
issues and utilize some new technology.
7.2 COIN SPECIFICATION
Coin Name Exosis
Ticker EXO
Network Independent Mainnet
Max Supply 21,000,000
Masternode (MN) Yes
Masternode collateral 10,000 EXO
Virtual Masternode (VMN) Min 100 EXO and Max 10000 EXO
Block Reward 0.25 EXO for Miner, all MN paid on
each block 0.025 EXO/MN
22Block Halving No
Block Interval 2.5 Minutes
Consensus POW
Algorithm Exosis (Fork of Timetravel)
Coin Fork from FXTC and BTX
Block Size 2.5 MB
TPS 50 to 55
8. ROADMAP
People across the world welcomed our unique initiative. We’ve already
covered all promises made under 2018. The ICO was a great success but as a
new Masternode concept introduced which was even more user-oriented and
also rewarding the ICO has been reversed and all of the 1.75 million coins has
been destroyed at the end of December 2018. It was important in order to
update the blockchain. The Virtual Masternode is already live and we are
receiving encouraging responses from users. The Exosis exchange is ready to
launch anytime from now.
The next launch in the upcoming series of developments in our E-commerce
platform. It is scheduled to hit the market in May 2019. It will enable users to
buy and sell products online through the Exosis decentralized e-commerce
site and experience the utility offered by the platform. In August 2019, the OTC
platform with multi cryptocurrency support is due, allowing individuals to
trade fiat with their digital assets.
It will further support our exchange by providing a direct route to people
intending to withdraw or invest in the cryptocurrency market. The last phase
entails our fifth and final product which is a decentralized e-wallet with a
multiplatform support feature. With this user with a computer (Windows and
MacOS) and smartphone (Android and iOS), both can take advantage of our
secured wallet.
231ST AUGUST 2018
Project idea conf irmed
and development started
21ST SEPTEMBER 2018
Start of the Bounty 21ST OCTOBER 2018
Campaign and ICO Start
Advertisement
19TH NOVEMBER 2018
ICO End
20TH NOVEMBER 2018
Virtual Masternode
27TH December 2018
ICO has been reversed and
destroyed all 1.75 M coins.
New masternode concept
has been updated in
blockchain.
FEBRUARY 2019
Exchange
AUGUST 2019
E-commerce
NOVEMBER 2019
OTC Platform
JANUARY 2020
Wallet
249. DISCLAIMER
To make the best use of this whitepaper we highly recommend you to go
through all the pages so that you come to know about the Revolutionary Idea
the Exosis platform bring for the users.
In case, if you convince yourself to use this platform then you are requested to
seek independent advice from only professional Advisors covering the legal
and financial aspects in case of any doubt or confusion.
This Disclaimer is intended for all those people who are reading or have access
to this documentation (whitepaper) regardless of the medium of
communication or platform. This whitepaper has been created with the
utmost care and precaution by the team of Exosis platform.
All the information provided in this document is solely for the purpose of
education & awareness regarding the project and in any circumstances should
not be treated as any kind of financial advice or invitation to participate in an
investment scheme.
Note: This platform does not make any efforts to influence the readers to
formulate any Investments strategy.
2510. GLOSSARY
API
Application Programming Interface
BLOCKCHAIN
A Digital ledger/ register maintaining various transactions taken over a
particular time.
BTC
Bitcoin
CONSENSUS
A general Agreement, usually between two parties.
EXO
Exosis
MN
Masternode
OTC
Over the Counter
PoS
Proof-of-Stake
PoW
Proof-of-Work
TPS
Transactions per second defines the Speed
VMN
Virtual Masternode
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